BC-Money & Markets Digest
Money & Markets modules for Friday, March 29
Ride-hailing company Lyft is scheduled to make its stock market debut. The Commerce Department issues its monthly snapshots of consumer spending and sales of new U.S. homes.
Lululemon Athletica shares soared to an all-time high after the athletic wear company reported a more than 80 percent jump in quarterly profit.
Shares in the managed care sector slipped earlier this month after “Medicare for All” legislation was introduced in Congress. They’ve largely recovered, but investors may need to buckle up for a roller coaster ride.
Lululemon Athletica (LULU)
Five Below (FIVE)
Verint Systems (VRNT)
Columbia Large Cap Growth (LEGAX)
This fund “doesn’t offer a competitive edge,” Morningstar says, and the recent departure of a co-manager weighs against it. It’s “not a compelling option.”
For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.